Q2 CPI data is due from Australia today (April - June inflation)

I posted a couple or previews earlier:

This very quick preview now via Goldman Sachs (bolding mine for GS expectations further out):

  • We expect a moderate +0.4%qoq increase in headline CPI on Wednesday, taking the annual rate a touch higher to +2.2%yoy.
  • In underlying terms we expect inflation to be a touch stronger than headline at +0.5%qoq (+1.7%yoy) due to weaker fuel prices.
  • While this remains broadly in line with the RBA's May SMP forecast, we see some upside risk to the RBA's forecast over the back half of the year, particular at the headline level.

And, while you're here, preview via TD Securities 9bolding mine):

  • We look for the Q2 trimmed mean to increase by +0.6%/qtr, picking up from 1.86%/yr to 1.93%/yr, and combined with a +0.55%/qtr lift in the weighted median measure (or 1.71%/yr) we see overall annual underlying inflation rising by +0.6%/qtr, and the annual rate barely creeping higher from 1.76%/yr to 1.82%/yr.
  • Our forecasts are consistent with the RBA's May projections (core rising to 2% by year end) and so supports its on-hold stance.
  • Consensus anticipates slightly softer CPI prints than TD